How much will holders of FRMEP depositary shares receive per share?

Holders of FRMEP depositary shares will receive $0.4688 per depositary share. Each depositary share represents a 1/100th interest in a share of First Merchants Corporation’s 7.50% Non-Cumulative Perpetual Preferred Stock, Series A.

First Merchants declares dividend on Series A preferred

Q: When is the record date for First Merchants Corporation’s FRMEP preferred dividend?

The record date for the FRMEP preferred dividend is July 30, 2026. Stockholders of record on that date will be entitled to receive the $0.4688 per depositary share quarterly dividend.

Q: What securities of First Merchants Corporation (FRME) trade on Nasdaq?

First Merchants Corporation’s common stock trades on Nasdaq under the symbol FRME, and depositary shares representing a 1/100th interest in its 7.50% Series A preferred stock trade under the symbol FRMEP.

Q: What type of preferred stock is FRME’s Series A issue associated with FRMEP?

The Series A preferred associated with FRMEP is 7.50% Non-Cumulative Perpetual Preferred Stock, Series A. It pays a stated dividend, but dividends are non-cumulative if not declared.

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

8-K

Rhea-AI Filing Summary

First Merchants Corporation reported that its Board of Directors declared a quarterly cash dividend on its 7.50% Non-Cumulative Perpetual Preferred Stock, Series A. The dividend is $46.88 per preferred share, equivalent to $0.4688 per depositary share (each depositary share represents a 1/100th interest in a preferred share).

The dividend is payable on August 14, 2026, to stockholders of record as of July 30, 2026. The preferred stock trades via depositary shares on the Nasdaq Global Select Market under the symbol FRMEP, while the company’s common stock trades under FRME.

Filing Explained

Preferred holders of record July 30 are scheduled to receive $0.4688 per FRMEP depositary share on August 14; no common-stock change is disclosed.

Form 8-K reports specified material events; this filing discloses that First Merchants Corporation declared a quarterly cash dividend on its Series A preferred stock, with payment scheduled for August 14, 2026 rather than completed in this filing.

The dividend is $46.88 per preferred share, represented by depositary shares trading as FRMEP, so the disclosed distribution is directed to those preferred holders and is not a new issuance or distribution on the company’s common stock.

Each depositary share represents a 1/100th interest in a Series A preferred share, and holders of those depositary shares are scheduled to receive $0.4688 each if they are stockholders of record on July 30, 2026.

8-K Event Classification

2 items: 8.01, 9.01

2 items

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Preferred dividend per share: $46.88 per preferred share Dividend per depositary share: $0.4688 per depositary share Preferred coupon rate: 7.50% +4 more

7 metrics

Preferred dividend per share $46.88 per preferred share Quarterly cash dividend on 7.50% Non-Cumulative Perpetual Preferred Stock, Series A

Dividend per depositary share $0.4688 per depositary share Each depositary share represents a 1/100th interest in a preferred share

Preferred coupon rate 7.50% Non-Cumulative Perpetual Preferred Stock, Series A dividend rate

Record date July 30, 2026 Stockholders of record on this date receive the quarterly preferred dividend

Payment date August 14, 2026 Scheduled payment date for the Series A preferred dividend

Common stock symbol FRME Common stock listed on the Nasdaq Global Select Market

Depositary share symbol FRMEP Depositary shares for Series A preferred listed on Nasdaq Global Select Market

Key Terms

Non-Cumulative Perpetual Preferred Stock, depositary shares, financial holding company, Nasdaq Global Select Market

4 terms

Non-Cumulative Perpetual Preferred Stock financial

"7.50% Non-Cumulative Perpetual Preferred Stock Series A, of $46.88 per share"

Non-cumulative perpetual preferred stock is a type of investment that pays a fixed dividend forever, without a set end date. If the company skips some dividends in a year, you don’t get that money later, and it’s gone forever. It matters because investors get regular income but may miss out if the company faces financial trouble.

depositary shares financial

"Depositary Shares, each representing a 1/100th interest in a share"

Depositary shares are tradable certificates that represent a fractional piece of a larger security held by a third-party bank, like owning a slice of a single big pie instead of the whole pie. They let companies issue and investors buy smaller, more affordable portions of preferred stock or other instruments; holders usually receive proportional dividends and market pricing similar to ordinary shares, but may have limited voting rights and different liquidity or tax implications, which can affect income and resale value.

financial holding company financial

"First Merchants Corporation is a financial holding company headquartered"

A financial holding company is a parent firm that owns and oversees banks and other financial businesses, such as lending, insurance, or investment services. It matters to investors because it bundles several money-making activities under one roof—like a parent managing several children—so returns, risks, and regulatory rules for banking apply to the whole group; trouble in one unit can affect the company’s profits, capital needs, and dividends.

Nasdaq Global Select Market financial

"traded on the NASDAQ Global Select Market System under the symbol FRME"

A Nasdaq Global Select Market listing is the highest tier of stocks on the Nasdaq exchange, reserved for companies that meet the strictest financial, reporting and governance standards. For investors, it acts like a premium quality label—signaling larger, more transparent and better-governed companies that tend to offer greater liquidity and lower perceived risk compared with lower-tier listings, making it easier to buy, sell and evaluate shares.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What dividend did First Merchants Corporation (FRME) declare on its preferred stock?

First Merchants Corporation declared a quarterly cash dividend of $46.88 per share on its 7.50% Non-Cumulative Perpetual Preferred Stock, Series A, which equals $0.4688 per depositary share (FRMEP).

When is the record date for First Merchants Corporation’s FRMEP preferred dividend?

The record date for the FRMEP preferred dividend is July 30, 2026. Stockholders of record on that date will be entitled to receive the $0.4688 per depositary share quarterly dividend.

When will First Merchants Corporation (FRME) pay the FRMEP preferred dividend?

The dividend on First Merchants Corporation’s 7.50% Series A preferred stock will be payable on August 14, 2026 to holders of depositary shares (FRMEP) who are on the books as of July 30, 2026.

What securities of First Merchants Corporation (FRME) trade on Nasdaq?

First Merchants Corporation’s common stock trades on Nasdaq under the symbol FRME, and depositary shares representing a 1/100th interest in its 7.50% Series A preferred stock trade under the symbol FRMEP.

What type of preferred stock is FRME’s Series A issue associated with FRMEP?

The Series A preferred associated with FRMEP is 7.50% Non-Cumulative Perpetual Preferred Stock, Series A. It pays a stated dividend, but dividends are non-cumulative if not declared.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/13/2026 - 04:33 PM EDT

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

DATE OF REPORT (Date of earliest event reported): July 13, 2026

FIRST MERCHANTS CORPORATION

(Exact name of registrant as specified in its charter)


Indiana
(State or other jurisdiction of incorporation)
001-41342			35-1544218
(Commission File Number)			(IRS Employer Identification No.)

200 East Jackson Street

P.O. Box 792

Muncie, IN 47305-2814

(Address of principal executive offices, including zip code)

(765) 747-1500

(Registrant's telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)


Title of Each Class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $0.125 stated value per share	FRME	The Nasdaq Stock Market LLC
Depositary Shares, each representing a 1/100th interest in a share of Non-Cumulative Perpetual Preferred Stock, Series A	FRMEP	The Nasdaq Stock Market LLC

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

ITEM 8.01 OTHER EVENTS

On July 13, 2026, First Merchants Corporation issued a press release announcing its Board of Directors has declared a quarterly cash dividend on its 7.50% Non-Cumulative Perpetual Preferred Stock Series A, of $46.88 per share (equivalent to $0.4688 per depositary share) payable on August 14, 2026, to stockholders of record on July 30, 2026. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

The information in this Form 8-K and the attached exhibit shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(a) Not applicable.

(b) Not applicable.

(d) Exhibits.


Exhibit 99.1			Press Release dated July 13, 2026 issued by First Merchants Corporation.
Exhibit 104			Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


									First Merchants Corporation
									(Registrant)

									By: /s/ Michele M. Kawiecki Michele M. Kawiecki Executive Vice President, Chief Financial Officer
Dated: July 13, 2026

N / E / W / S R / E / L / E / A / S / E

July 13, 2026

FOR IMMEDIATE RELEASE

For more information, contact:

Nicole M. Weaver, First Vice President and Director of Corporate Administration

765-521-7619

http://www.firstmerchants.com

SOURCE: First Merchants Corporation (NASDAQ: FRME), Muncie, Indiana

FIRST MERCHANTS CORPORATION ANNOUNCES CASH DIVIDEND ON ITS PREFERRED STOCK

First Merchants Corporation has declared a quarterly cash dividend of $46.88 per share on its 7.50% Non-Cumulative Perpetual Preferred Stock Series A, represented by depositary shares (NASDAQ: FRMEP) each representing a 1/100th interest in a share of the Series A preferred stock. Holders of depositary shares will receive $0.4688 per depositary share. The dividend will be payable on August 14, 2026, to stockholders of record on July 30, 2026.

About First Merchants Corporation:

First Merchants Corporation is a financial holding company headquartered in Muncie, Indiana. The Corporation has one full-service bank charter, First Merchants Bank. The Bank also operates as First Merchants Private Wealth Advisors (as a division of First Merchants Bank).

First Merchants Corporation’s common stock is traded on the NASDAQ Global Select Market System under the symbol FRME. Depositary shares representing a 1/100th interest in a share of First Merchants Corporation’s 7.50% Non-Cumulative Perpetual Preferred Stock, Series A are traded on the NASDAQ Global Select Market System under the symbol FRMEP. Quotations are carried in daily newspapers and can be found on the company’s Internet web page (http://www.firstmerchants.com).

FIRST MERCHANTS and the Shield Logo are federally registered trademarks of First Merchants Corporation.

* * * *

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

5 documents

Press Releases

EX-99.1 EX-99.1 5.1 KB